Cwm LLC Has $11.31 Million Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Cwm LLC has reduced its holdings in Marvell Technology by 13.9%, now owning 146,112 shares valued at approximately $11.31 million.
• Marvell Technology's CEO and CFO recently purchased shares, indicating increased insider confidence; the CEO bought 13,600 shares for over $1 million.
• The company announced a $5 billion stock buyback plan as part of efforts to enhance shareholder value, suggesting the board believes the stock is currently undervalued.

Cwm LLC lowered its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 13.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 146,112 shares of the semiconductor company's stock after selling 23,610 shares during the period. Cwm LLC's holdings in Marvell Technology were worth $11,309,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Taylor Frigon Capital Management LLC raised its holdings in shares of Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company's stock worth $2,601,000 after buying an additional 4,748 shares in the last quarter. BOCHK Asset Management Ltd acquired a new position in shares of Marvell Technology during the 2nd quarter worth $1,486,000. Westbourne Investments Inc. raised its holdings in shares of Marvell Technology by 442.4% during the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company's stock worth $1,679,000 after buying an additional 17,695 shares in the last quarter. Family Legacy Financial Solutions LLC bought a new stake in Marvell Technology during the 2nd quarter worth $1,618,000. Finally, Siren L.L.C. grew its position in Marvell Technology by 636.2% during the 1st quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company's stock worth $2,266,000 after acquiring an additional 31,808 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Activity at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy bought 13,600 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the transaction, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Willem A. Meintjes bought 3,400 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares in the company, valued at $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 27,200 shares of company stock worth $2,109,632 over the last quarter. 0.33% of the stock is owned by company insiders.

Marvell Technology Trading Up 4.4%

NASDAQ MRVL opened at $89.39 on Tuesday. The business's 50-day moving average price is $75.64 and its two-hundred day moving average price is $69.01. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The firm has a market capitalization of $77.06 billion, a PE ratio of -687.62, a price-to-earnings-growth ratio of 1.05 and a beta of 1.94. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts' consensus estimates of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $0.30 EPS. The business's revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology announced that its Board of Directors has approved a stock repurchase plan on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio is presently -184.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MRVL shares. Rosenblatt Securities reduced their price objective on Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Benchmark restated a "buy" rating and set a $95.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Melius Research boosted their price objective on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Wells Fargo & Company reduced their price objective on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Finally, Morgan Stanley reduced their price objective on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $92.67.

Marvell Technology Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.

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